The effects of natural catastrophes and asset-side losses differed significantly by company. While the two major hurricanes had a relatively minor effect on Swiss Re, third quarter asset losses impaired capital severely. The opposite was true for Paris Re, which saw larger hurricane losses than asset losses in the quarter. Hannover Re and Flagstone experienced significant asset-side impairments and storm-related underwriting losses, while Munich Re and SCOR had relatively low losses from both events in the third quarter.
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